METROPOLITAN UTILITIES DISTRICT Inter-Department Communication. December 6, Subject: REPORT ON INCOME AND FINANCE FOR OCTOBER 2013
|
|
- Tamsyn Thornton
- 5 years ago
- Views:
Transcription
1 METROPOLITAN UTILITIES DISTRICT Inter-Department Communication December 6, 2013 Subject: REPORT ON INCOME AND FINANCE FOR OCTOBER 2013 To: From: Committee on Accounts, Expenditures, Finance and Rates cc: All Board Members; Messrs. Bucher, Doyle and Keep, Ms. Schneider; KPMG and all Vice Presidents Joseph J. Schaffart, Vice President, Accounting Statements: Board Schedules Water and Gas, A-12, A-20, W-1, W-2, G-1 and G-2 for the month of October 2013 are transmitted herewith. Water Department October water sales revenues of $8.7 million were $1.6 million, or 15.7% unfavorable to budget and $2.7 million, or 23.8% unfavorable to prior year. Water volumes were 18.9% unfavorable to budget and 36.9% unfavorable to prior year. The fairly sizable unfavorable volume variance versus prior year was partially mitigated by the 5% rate increase to two components of the water rates, namely Commodity Charges and Service Charges that was effectuated in January The relationship between volumes and revenue is further impacted by the fixed components of revenue, namely Service Charge and Infrastructure Charge revenue. To clarify, the Service Charge and Infrastructure Charge components of a customer s monthly water invoice are the same, regardless of usage levels. This billing methodology has the impact of smoothing revenue, making the overall revenue variances less pronounced than the volume variances would seem to indicate. October expenses were favorable to budget by $.4 million, or 5.8%, due primarily to: Millions Decreased Customer Accounting and Collecting Expense due primarily to increased sewer and tax collection recovery-entry recorded in error in September and corrected in October Reduced Depreciation and Amortization Expense (plant additions and replacements, including WIR, below budget by $16.9 million) Increased Distribution Operating Expense (Field Svc Backflow) and Maintenance Expense (Mains) $0.4 $0.2 ($0.2)
2 October expenses were favorable to last year by $.2 million, or 3.0%, due primarily to: Millions Decreased Customer Accounting and Collecting Expense due primarily to increased sewer and tax collection recovery-entry recorded in error in September and corrected in October Increased Primary Pumping Operating Eexpense, primarily power at Platte South and Platte West $0.4 ($0.1) All other, net ($0.1) The activity discussed above resulted in October net income for the Water Department of $1.5 million, which is unfavorable to budget by $1.2 million, and unfavorable to prior year by $2.5 million. The Water Department fund position at October 31, 2013 is $41.9 million, which is $28.7 million favorable to budget, due primarily to: Millions Increased Revenue $ 1.3 Decreased Operating Expenses 3.8 Reduced Depreciation and Amortization Expense (2.0) Increased OPEB expense (non-cash expense) 0.5 CIR Retro Payment (nearly all of payment charged to Gas Dept.) 0.6 Reduced/Delayed Capital Expenditures 16.9 Contributions in Aid of Construction (0.9) Increased Unbilled Revenue (0.9) Other Changes 5.2 Operational Funds Variance to Budget $24.5 Proceeds from NDEQ Contact Basin Loan $ 0.5 Pay down in Loan from Gas Dept. (lower net pay down vs. budget) 3.7 Total Fund Position Variance to Budget $28.7 At October 31, 2013, there was an Interdepartmental Receivable of $6.7 million due from the Gas Department related to the monthly settlement between the two departments. The Water Department has paid off the intercompany loan from the Gas Department. -2-
3 The Water Department s October year-to-date capital expenditures were $16.9 million less than budget (as noted above). Though some of the variance is timing related, it is anticipated that full year capital expenditures will be approximately $9.6 million less than budget. Significant items budgeted, but not closed and/or expended through October 2013, include: Millions Over (Under) Budget Platte South - SCADA Replacement ($ 1.4) Platte South - Zweibel Creek Waste Elimination ( 1.3) Platte South Replace Wellfield Communication (LT3-I) ( 0.7) Platte South - Phase 2 HVAC ( 0.6) Platte South Replace Upflow Basin Valve Actuators ( 0.2) Platte South All Other ( 0.3) Florence Improvements (numerous projects) ( 4.4) Platte West - SCADA Replacement ( 0.1) Pumping & Purification Florence Phase 2 THM Reduction ( 1.1) Pumping & Purification Replace Nordberg Engines Platte South ( 0.9) Pumping & Purification-Three Wakesha Engines at Skyline ( 0.3) Pumping & Purification-All Other ( 0.4) Construction Machines ( 0.6) WIR Projects ( 2.3) Mains-Other ( 1.8) Furniture, Equipment and Miscellaneous ( 0.4) All Other, net ( 0.1) ($16.9) -3-
4 Gas Department October Gas net revenues of $6.7 million were favorable to budget by $.3 million, or 4.5%, while volumes were up by 12.4%. October net revenues were favorable to last year by $1.1 million, or 19.7%, while volumes increased by 4.5%. The disparity between the revenue and volume variance as compared to budget and prior year is due in part to the fact there are fixed components to the revenue stream, namely Service Charge and Infrastructure Charge revenue; consequently, a 12.4% favorable volume variance to budget does not result in a like favorable percentage increase in net revenue. Additionally, the favorable variance to budget is partially mitigated by lower other operating revenue, primarily reduced service turn on charges. The revenue variance to prior year is also impacted by a mix issue, in that interruptible sales (lower revenue per Dth) were down by 192,000 Dth (primarily due to O.P.P.D.), while firm sales (higher revenue per Dth) were up by 277,000 Dth. The revenue variance versus prior year was also unfavorably impacted by lower other operating revenue, primarily reduced service turn on charges. October expenses were favorable to budget by $.5 million, or 9%, due primarily to: Decreased Customer Accounting and Collecting Expense due primarily to increased sewer and tax collection recovery-entry recorded in error in September (which overstated expense) was corrected in October Decreased Depreciation Expense (plant additions and replacements, including GIR, below budget by $12.5 million through October) Decreased Administrative and General Expenses due primarily to reduced salaries and joint administrative expense Millions $0.4 $0.3 $0.2 Increased Production Operating Expense, primarily LNG ($0.2) Increased Distribution Operating Expense, primarily Field Service ($0.2) October expenses were unfavorable to last year by $.1 million, or 2.8%, due primarily to: Millions Increased Production Operating Expense, primarily LNG ($0.2) Increased Depreciation Expense ($0.1) Increased Distribution Operating and Maintenance Expense ($0.1) Increased GIR gas service reconnects ($0.1) Decreased Customer Accounting and Collecting Expense due primarily to increased sewer and tax collection recovery-entry recorded in error in September (which overstated expense) was corrected in October $0.4-4-
5 The activity discussed above resulted in October net income for the Gas Department of $2.1 million, which is favorable to budget by $.7 million and favorable to last year by $.9 million. The Gas Department fund position at October 31, 2013 is $15.6 million, which is $14.3 million favorable to budget, due primarily to: Millions Increased Net Revenue $ 9.2 Decreased Operating Expenses 1.4 Increased Depreciation and Amortization Expense 0.5 Decreased OPEB expense (non-cash expense) ( 0.5) Reduced/Delayed Capital Expenditures 12.5 Change in Unbilled Revenue 1.7 Natural Gas Inventory Change ( 4.1) CIR Retroactive Payment ( 0.5) Other Changes ( 2.2) Operational Funds Variance to Budget $19.3 Pay down in Loan to Water Dept. (less than budgeted) ( 3.7) Total Fund Position Variance to Budget $
6 The Gas Department s October year-to-date capital expenditures were $12.5 million less than budget (as noted above). Though some of the variance is timing related, it is anticipated that full year capital expenditures will be approximately $10.1 million less than budget. Significant items budgeted, but not closed and/or expended through October 2013 include: Millions Over (Under) Budget GIR Projects - Mains and Other Distribution ($ 4.1) Information Technology - Mobility Initiative (2.5) Information Technology - CRB Project (1.8) Information Technology - SAN Storage Replacements/ Additions (0.7) Information Technology - HR Initiatives (0.5) Information Technology - Data Center Equip. Replacements/Additions (0.5) Information Technology - Replace PC s and Printers (0.3) Information Technology - Infrastructure Virtualization 0.2 Information Technology - SCADA-Master Plan Information Technology - All Other Net (0.2) Buildings, Land & Equip - Operating Center Garage Repair (1.2) Buildings, Land & Equip - Renovate Restrooms-Operating Center (0.7) Buildings, Land & Equip - CNG Station-West Omaha (0.4) Buildings, Land & Equip - Gas Distribution SCADA (0.4) Buildings, Land & Equip - Refurbish DeLaval Compressor Spare Rotor (0.3) Buildings, Land & Equip - Security Projects Gas Department (0.3) Buildings, Land & Equip - All Other Net (0.3) Furniture, Equipment and Miscellaneous (1.2) Vehicle Purchases 1.6 All Other, Net 0.6 ($12.5) -6-
7 Statement A-12, Payroll, Employee Count and Overtime by Area Payroll and Employee Count The active payroll for October was $4.9 million, compared with $5.0 million in budget and $4.7 million for prior year. At October 31 st, there were 807 regular full-time employees, compared with 853 in budget and 822 in prior year. Part-time, Summer and Temporary employees numbered 20 at October 31 st, as compared with 20 in budget and 15 in prior year. Overtime Hours Overtime hours for the month totaled 7,908.1 as compared with 7,066 in budget and 7,903.5 in prior year. The unfavorable overtime hours variance versus budget (842.1 hours, or 11.9%) is primarily due primarily to Customer Accounting (895 hours over budget CRB related), Customer Service (412 hours CRB related), Field Services (246 hours over budget) and Plant Engineering (151 hours over budget) partially offset by decreased overtime in Construction (1,164.9 hours under budget). Statement A-20, Restricted and Unrestricted Funds On October 31, 2013, the Water Department cash and restricted funds totaled $35.6 million. Of this amount, $10.1 million was in the 2012 Bond Project Fund, $12.0 million was in the Bond Sinking/Reserve Fund, $0.2 million was in the Platte West Environmental Fund and $13.3 million relates to WIR funds collected but not expended. On October 31, 2013, there were no Gas Department investments; however, there was $50.8 million in cash on hand. The cash on hand is primarily made up of: 1) customer deposits and credit balances $17.6 million; 2) GIR funds collected but not expended, $12.1 million; and 3) cash reserves of $21.1 million. The funds are generating earnings credits, which serve to reduce our monthly bank charges. The earnings credits currently exceed the returns offered by short-term investment options. Approved: Joseph J. Schaffart Vice President, Accounting Debra A. Schneider Senior Vice President, Chief Financial Officer Enclosures -7-
8 METROPOLITAN UTILITIES DISTRICT OF OMAHA WATER DEPARTMENT FINANCIAL VARIANCE REPORT FOR THE MONTH AND TEN MONTHS ENDING OCTOBER 31, 2013 AND 2012 Over Over Over Over October 2013 (Under) Ten Months 2013 (Under) October (Under) Ten Months (Under) Actual Budget Budget Actual Budget BUd!et 2013ACTUAL 2012ACTUAL Prior Year 2013ACTUAL 2012ACTUAL Prior Year Revenues Water sales $ 7,354,741 $ 8,878,140 (17.16)% $ 75,631,956 $ 74,104, % $ 7,354,741 $ 9,822,947 (25.13)% $ 75,631,956 $ 80,621,194 (6.19)% Infrastructure Charge 1,217,072 1,162, % 11,807,071 11,652, o/o 1,217,072 1,217,215 (.01)% 11,807,071 11,597, % Other ,000 (50.66)% 2,254,450 2,660,000 (15.25)% 154, ,461 (62.17)% 2254,450 2,651,828 (14.99)% Total revenues ,354,494 (15.72)% 89,693,477 88,416, % ,449,623 (23.78)% 89,693,477 94,870,096 {5.46)% Revenue Deductions Operating & Maintenance 5,332,338 5,495,708 {2.97)% 54,393,379 55,836,263 {2.58)% 5,332,338 5,636,823 (5.40)% 54,393,379 54,689,562 (.54)% WIR Water Service Recom 66,287 74,448 (10.96)% 696, ,480 (6.39)% 66,287 60, % 696, ,416 (24.04)% Other 1,791,492 2,061,592 (13.10)% 17,906,177 20,265,616 (11.64)% 1,791,492 1,714, % 17,906,177 17,266, % Tatai expenses 7,190,-117 7,631,748 {5.79)% 72,996,433 76,846,359 (5.01)% 7, ,411,703 {2.99)% 72,996,433 72, % interest Income 104 9,553 (9,449) ,530 {95,101) ,737 {22,308) Net Income (Loss) ~ 1,536,717 ~ 2,732,299 $ (1,195,582) $ 16,697,473 ~ 11,665,733 $ 5,031,740 $ 1,536,717 $ 4,037,923 $ (2,501,205) $ 16,697,473 ~ 22,019,416 $ (5,321,943) Thousands of gallons sold 2,368,590 2,920,200 (18.89)% 26,998,755 26,726, % 2,368,590 3,751,900 (36.87)% 26,998,755 30,739,731 (12.17)% Number of customers 205, , ,820 2,283 Plant Additions & Replacements $ 2,308,439 $ 3,741,979 $ (1,433,540) $ 26,284,881 $ 43,230,935 $ {16,946,054) $ 2,308,439 $ 3,444,046 $ (1,135,607) $ 26,284,881 $ 32,855,093 $ (6,570,212) Ending Funds Position $ 41,857,401 $ 20,355,000 $ 21,502,401 Water Construction/Environmental Fund $ 171,631 $ 171,600 $ 31,~
9 METROPOLITAN UTILITIES DISTRICT_OF OMAHA GAS DEPARTMENT FINANCIAL VARIANCE REPORT FOR THE MONTH AND TEN MONTHS ENDING OCTOBER 31, 2013 AND 2012 Over Over Over Over October 2013 (Under) Ten Months 2013 (Under) October (Under) Ten Months (Under) Actual Budget Budget Actual Budget ~et 2013ACTUAL 2012ACTUAL Prior Year 2013ACTUAL 2012ACTUAL Prior Year Revenues Gas sales $ 12,697,266 $ 11,891, % $ 159,260,811 $ 137,533, % $ 12,697,266 $ 10,939, % $ 159,260,811 $ 119,349, % (Over)/under gas recovery (583,586).00% 80,838.00% (583,586) (130,141).00% 80,838 3,696,602.00% Infrastructure Charge 1,093,684 1,045, % 10,589,936 10,494,318.91% 1,093,684 1,084,352.86% 10,589,936 10,402, % Other 225 ' ,500 (28.19)% 3,241,213 3, % (27.42)% ,713 (8.95)% Total revenues, net 13,432,474 13,250, % 173,172, ,109, % 13,432,474 12,203, % 173,172, ,007, % Less: Natural gas purchased 6,731,971 6,838,893 (1.56)% 100,896,703 88,048, % ,607, % 100,896,703 75,738, % Operating revenues, net of gas cost 6,700,503 6,412, % 72,276,095 63,060, % 6,700,503 5,596, % 72,276,095 61,268, % Revenue Deductions Operating & Maintenance 3,920,968 4,090,071 (4.13)% 38,076,894 40,278,332 (5.47)% 3,920,968 3,969,449 (1.22)% 38,076,894 37,386, % Other 696, (29.40)% 12, , % 696, , % 12, ,076, % Total expenses ,076,690 (9.04)% ,542 (2.63)% 4,617,513 4,493, % 50,757,080 47,462, % Interest Income I Extraordinary items $ (6,050) $ 3, $ (59,981) $ (380,788) Net Income (Loss) - $ 2.Q8~Q~- _$~11.~ $ 741,628 $ 21,592,785 $ 10,999,714 $ 10,593,071 $ 2,083,084 $ 1, $ 919,856 $ 21,592,785 $ 14,260,442 $ 7,332,343 Total Sales Adjusted for Unbilled Sales 1,978,656 1,760, % 24,885,017 23,017, % 1,978,656 1,894, % 24,885,017 20,192, % Heating degree days % 4,272 4, % (10.75)% 4,272 3, % Number of customers - 219, ,575 N/A Plant Additions & Replacements $ 3,156,758 $ 3,354,516 $ (197,758) $ 33,702,212 $ 46,198,427 $ (12,496,215) $ 3,156,758 $ 5,071,967 $ (1,915,209) $ 33,702,212 $ 33,572,151 $ 130,061 Ending Funds Position $ 15,569,051 $ (23,874,934) $ 39,443,985
10 METROPOLITAN UTILITIES DISTRICT A-12a PAYROLL BY DEPARTMENTS AND DIVISIONS OCTOBER 2013 FOR THE MONTH AND TEN MONTHS ENDING OCTOBER 31, 2013 AND 2012 Month of October Ten Months Ending October Actual Budget Actual Actual Budget Actual Executive and General Staff President's Office $ 95,394 $ 127,831 $ 133,869 $ 1,104,180 $ 1,275,389 Law 47,668 39,469 40, , ,621 $ 1,333, ,285 Human Resources 65,191 77,001 59, , , ,062 Safety and Security 51,161 50,346 50, , , ,466 Purchasing 21,411 28,979 28, , , ,489 Information Technology 370, , ,991 3,817,241 4,212,950 3,569,258 Gas Operations Gas Operations 37,018 36,366 36, , , ,862 Gas Production 132, , ,664 1,291,747 1,125,265 1,150,062 Gas Systems Control 36,894 37,012 31, , , ,393 Gas Distribution 82, , ,866 Department Total 288, , , ,795 2,647, Field Services and Measurement Field Services Administration 157, , ,410 1,401,241 1,292,618 1,248,980 Field Services and Measurement 511, , ,991 4,620,406 4,724,853 4,671,740 Measurement ,061 Department Total ~~--]~~~!M- 719, ~23 6t@JM~- -,~~ ,766,781 Water Operations Water Operations 20,621 20,824 17, , , ,149 Water Pumping - Florence 193, , ,907 1,861,518 1,909,761 1,751,695 Maintenance 242, , ,820 2,493,097 2,268,807 2,232,754 Water Distribution 197, , ,831 1,918,821 1,837,366 1,813,353 Platte South 76,327 77,370 71, , , ,329 Platte West 92,328 92,575 97, , , ,761 Water Quality 55,481 53, ,292 Department Total , ,496 8,624, ,098,333 Marketing and Corporate Communications 80,907 85,779 77, , , ,913 Customer Services Customer Service Administration 37,983 47,498 49, , , ,869 Meter Reading 236, , ,509 2,192,889 2,315,457 2,204,423 Customer Service 211, , ,021 1,856,718 1,953,323 1,717,614 Customer Accounting 177, , ,938 1,533,228 1,217,695 1,074,300 Cashiers 32,471 37,185 33, , , ,651 Credit Services , , Department Total , ,979, ,446 Accounting 101,145 99,085 98, , , ,009 Stores 54,445 50,120 50, , , ,511 Engineering & Construction Engineering & Construction 48,720 55,677' 47, , , ,536 Plant Engineering 228, , ,961 2,029,312 2,062,370 1,861,455 Engineering Design 185, , ,455 1,930,871 1,952,927 1,904,285 Construction 723, , ,350 7,202,948 7,404,528 7,283,923 Transportation 109, , ,008 1,004, , ,228 Transportation Office , , , Department Total 1!346!890 1,436,299 1,340,117 13,182,783 13,425,327 13,022,274 Total Payroll ~ $ 4,9~7,806 $ 5,000,300 $ 4,730,969 $ 47,765,347 $ 48,097,259 $ 46,037,059 A-12a ~
11 Executive and General Staff METROPOLITAN UTILITIES DISTRICT A 12b EMPLOYEES BY DEPARTMENTS AND DIVISIONS OCTOBER 2013 FOR THE MONTH AND TEN MONTHS ENDING OCTOBER 31, 2013 AND 2012 Current Year Actual Current Year Budget Prior Year Actual Full Part Summer/ Full Part Summer/ Full Part Summer/ Time Time Temp. Time Time Temp. Time Time Temp. President's Office Law Human Resources Safety and Security Purchasing Information Technology Gas Operations Gas Operations Gas Production Gas Systems Control Gas Distribution _ Department Total ~ - - 1L _ Field Services and Measurement Field Services Administration Field Services and Measurement Measurement 17_ - 17_ _ Department Total _lli 2_ - _lli_ --- 2_ ---- ~ 2_ ---- Water Operations Water Operations Water Pumping - Florence Maintenance Water Distribution Platte South Platte West Water Quality 9 1 _ - 9_ Department Total _.1iL 1 1_ ~ --- 2_ - ~ 1 _ Government Affairs and Marketing 13_ _ Customer Services Customer Service Administration Meter Reading Customer Service Customer Accounting _ _ - Cashiers Credit Services _ - 1_3 2_ Department Total 11L 14_ - ~ 14_ -.1_1 9 _ Accounting Stores Engineering & Construction Engineering & Construction Plant Engineering Engineering Design Construction Transportation Transportation Office 8 9 9_ Department Total ~ Mi_ ~ Total Employees ~ ~ - ~ ~ ~ A-12b =
12 METROPOLITAN UTILITIES DISTRICT A-12c OVERTIME HOURS BY DEPARTMENTS AND DIVISIONS OCTOBER 2013 FOR THE MONTH AND TEN MONTHS ENDING OCTOBER 31, 2013 AND 2012 Month of October Ten Months Ending October Actual Budget Actual Actual Budget Actual Executive and General Staff President's Office Law Human Resources Safety and Security Purchasing Information Technology , , ,731.4 Gas Operations Gas Operations Gas Production , , ,810.0 Gas Systems Control Gas Distribution , ,782.0 Department Total , ! ,655.0 Field Services and Measurement Field Services Administration , , ,573.0 Field Services and Measurement 1, , , , ,966.0 Measurement , Department Total 1, , , , , ,400.5 Water Operations Water Operations Water Pumping - Florence , , ,938.5 Maintenance , Water Distribution , , ,170.0 Platte South Platte West , Water Quality Department Total 6]3.0 7_50.() 905.5_ 7, , ,320.5 Marketing and Corporate Communications Customer Services Customer Service Administration Meter Reading , , ,131.5 Customer Service , , ,949.0 Customer Accounting , Cashiers Credit Services , , ,227.0 Department Total 2, ! , ,383.5 Accounting Stores Engineering & Construction Engineering & Construction Plant Engineering , , ,706.0 Engineering Design , ,456.5 Construction 1, , , , , ,027.5 Transportation Transportation Office , Department Total 2, , , , , ,935.5 Total Overtime Hours 7, , , , , ,973.9 A-12c Note: In order to provide Information that is comparable to "Budget", the "Actual" information for all periods presented has been restated to exclude hours worked on Holidays (these hours are reflected in "Budget'' as Holiday hours, not as Overtime hours).
13 Metropolitan Utilities District of Omaha Water and Gas Departments Restricted and Unrestricted Investment Funds As of October, 2013 A-20 Page 1 of 2 Description: Maturity Date Stated Int. Rate Effective Int. Rate Water Cost Including Unamortized Premium or Discount Gas Total Revenue Fund Currently No Investments for Water Or Gas $ $ $
14 Metropolitan Utilities District of Omaha Water and Gas Departments Restricted and Unrestricted Investment Funds As of October, 2013 A-20 Page 2 of 2 Description: Maturity Date Stated Int. Rate Effective Int. Rate Water Cost Including Unamortized Premium or Discount Gas Total 2006 Bond Sinking Funds 2012 Bond Sinking Funds 2012 Bond Fund Currently No Investments (2006) Cash (2012) Cash (2012) Bond Reserve $ 7,403,166 1,660,989 2,954,531 12,018,687 - $ - $ 7,403,166 1,660,989 2,954,531 12,018,687 T & E Species Agreement TRSRA Agreement $ 39, , ,631 $ - $ 39~ , ,631 $.12,190,.317 $ - $ 12,190,317
15 METROPOLITAN UTILITIES DISTRICT OF OMAHA W-1 WATER DEPARTMENT OCTOBER 2013 BALANCE SHEETS Page 1 AS OF OCTOBER 31, 2013 AND SEPTEMBER 30, 2013 October 31 September 30 January 1 Increase (Decrease) ASSETS One Month Ten Months UTILITY PLANT- At Cost Plant In service 944,626, ,237, ,707,821 1,388,785 15,918,548 Less - Accumulated depreciation 167,076, ,138,180. :157,905, ,334 9,171,094 Net utility plant in service 777,549, ,099, ,802, ,451 6,747,454 Construction in progress 33,869,650 33,016,046 25,072, ,604 8,797,391 Construction materials - at average cost 961,970 1,020, ,329 (58,972) 107,641 Net utility plant 812,381, ,136, ,728,989 1,245,083 15,652,486 NONCURRENT ASSETS Construction/Environmental fund 171, , , Total noncurrent assets 171, , , CURRENT ASSETS Cash in treasurer's accounts 13,276,949 9,994, ,640 3,281,968 13,011,309 Bond sinking fund - restricted 12,018,687 10,693,132 5,948,475 1,325,555 6,070,212 Working funds 8,400 8,400 8,400 U.S. Government securities Bond 2012 Project Fund 10,124,074 10,610,910 21,306,740 (486,835) (11,182,666) Accounts receivable - other 539, ,672 2,062,117 (83,652) (1,523,097) Accounts receivable - utility service 18,601,537 19,692,261 16,784,980 (1,090,724) 1,816,557 Allowance for uncollectible accounts (1,150,390) (1,117,173) (797,200) (33,217) (353,190} Interdepartmental Receivable from Gas Department 6,660,780 4,739,774 1,654,199 1,921,006 5,006,581 Loan receivable from Gas Department Interest receivable Accrued unbilled revenues 762,888 2,488,052 1,627,064 (1, 725, 164) (864,176) Fire protection taxes (345) (345) 3,483 - (3,828) Materials and supplies - at average cost 2,665,176 2,560,128 2,359, , ,382 Prepayments 1,501,693 1,539,050 1,811,186 (37,357) (309,493) --- Total current assets 65,008,469 61,831,842 53,034,878 3,176,627 11,973,591 DEFERRED CHARGES 566, , ,294 (37,884) 23,868 Total Assets 878,127, ,743, ,477,766 4,383,829 27,649,971 ""W-'1
16 METROPOLITAN UTILITIES DISTRICT OF OMAHA ~~1 WATER DEPARTMENT OCTOB~ "' ~f:j(lti, BALANCE SHEETS Page 2 AS OF OCTOBER 31, 2013 AND SEPTEMBER 30, 2013 October 31 September 30 January 1 Increase (Decrease) LIABILITIES AND NET WORTH 2,013 2,013 2,013 One Month Ten Months NONCURRENT LIABILITIES Long Term Debt: Water Revenue Bonds Net of DiscounUPremium 206,820, ,839, ,860,945 (19,466) (3,040,889) NDEQ Loan - Bennington 129, , ,856 (30,849) NDEQ Loan - Contact Basin 5,191,088 5,191,088 4,672, ,512 Loan from Gas Total long term debt 212,140, ,159, ,693,377 (19,466) (2,553,226) Net pension obligation 1,830,997 1,830,997 1,830,997 Other Post Employment Benefits 39,933,246 39,162,862 32,229, ,384 7,703,846 Total Long Term Liabilities 253,904, ,153, ,753, ,918 5,150,620 CURRENT LIABILITIES Current maturities of revenue bonds 7,130,000 7,130,000 7,030, ,000 Current maturities of NDEQ Loans 184, , ,311 (121,683) Current Maturities of Loan from Gas Department - - 4,961,503 - (4,961,503) Accounts payable 3,646,351 3,696,458 5,436,072 (50,107) (1,789,721) Interdepartmental Payable to Gas Department Water service deposits ,910 - (716,910) Customer deposits-pioneer Approach Mains 677, , ,664 85, ,035 Customer Credit Balances 1,414,609 1,265, ,218 1,414,609 Statutory payments to municipalities 721, , , , ,306 Sewer fee collection due municipalities 9,796,940 9,767,912 5,616,060 29,028 4,180,880 Interest accrued on water revenue bonds 3,660,765 2,929, , ,387 2,920,211 Accrued vacation payable 2,806,899 2,806,899 2,898,135 - (91,236) Total current liabilities 30,039,613 28,951,063 28,356,626 1,088,550 1,682,988 CUSTOMER ADVANCES FOR CONSTRUCTION 2,818,082 4,586,758 4,325,679 (1,768,676) (1,507,597) SELF - INSURED RISKS 1,425,315 1,466,745 1,905,172 (41,430). (479,857) OTHER DEFERRED CREDITS ,907 - (10,907) NET WORTH Contributions in aid of construction 317,049, ,231, ,932,155 2,817,750 6,117,251 Accumulated reinvested earnings 272,890, ,354, ,193,454 1,536,717 16,697,473 Total net worth 589,940, ,585, ,125,609 4,354,467 22,814,724 Total Liabilities and Net Worth 878,127, ,743, ,477,766 4,383,829 27,649,971 W-1
17 METROPOLITAN UTIUTIES DISTRICT OF OMAHA W-2 WATER DEPARTMENT OCTOBER 2013 INCOME AND SOURCE AND DISPOSITION OF FUNDS STATEMENTS FOR THE MONTH AND TEN MONTHS ENDING OCTOBER 31, 2013 AND 2012 October Ten October Ten Months 2013 Months 2012 Actual Budget Actual Actual Budget Actual OPERATING REVENUES Water sales revenue $ 7,354,741 $ 8,878,140 $ 9,822,947 $ 75,631,956 $ 74,104,314 $ 80,621,194 Infrastructure Charge 1,217,072 1,162,354 1,217,215 11,807,071 11,652,248 11,597,074 Other operating revenues 187, , ,236 2,582,045 2,860,000 2,999,575 Total operating revenues 8,759,150 10,374,494 11,484,398 90,021,072 88,616,562 95,217,843 Less: Bad debt expense (32.421) (20.000} (34.77 ) (327,595} (200,0001 (347,747) Total operating revenues, net 8,726,729 10,354,494 11,449,623 89,693, ,562 94,870,096 REVENUE DEDUCTIONS Operating expense 3,712,590 3,939,726 4,104,345 38,718,096 39,920,930 39,084,138 Maintenance expense 1,619,748 1,555,982 1,532,478 15,675,283 15,915,333 15,605,424 WIR Water Service Reconnects 66,287 74,448 60, , , ,416 Depreciation 1,011,342 1,196, ,994 10,053,393 11,961,248 9,664,221 Statutory payments to municipalities 143, , ,626 1,201,076 1,173,700 1,250,676 Interest expense-revenue bonds 717, , ,241 7,221,624 7,634,005 6,387,069 Interest expense-ndeq loans 13,287 14,083 12, , , ,692 Other Interest expense-gas loan and other - 7,250 59,750 70,096 72, ,167 Interest charged to construction (cr.) (93,868} {71,667} {106,328} (776,367} {716,667} {649,386} Total revenue deductions 7,190,117 7,63q ,996,433 76,846,359 72,873,417 Net revenues 1,536,612 2,722,746 4,037,920 16,697,044 11,570,203 21,996,679 OTHER INCOME INTEREST ,530 22,737 FUNDS PROVIDED Net Income (loss) 1,536,717 2,732,299 4;037,923 16,697,473 11,665,733 22,019,416 Depreciation and amortization charges 1,070,131 1,278,008 1,055,899 10,732,155 12,780,075 10,500,095 Net pension obligation (281,088) OPEB 770, , ,666 7,703,846 7,222,350 5,000,061 Loan from NDEQ for Contact Basin ,512 - Loan from gas. 3,153,228-16,800,000 Long term loan-25 yr. Contribution in aid of construction - Grant ,604 Contribution In aid of construction 709, ,911 (2,339) 1,835,173 3,761,361 3,375,390 Contribution in aid of construction - capital facilities 339, , ,174 2,678,877 1,720,000 2,231,154 Bond Series 2012 Project Fund Total funds provided 4,426, ,004,323 43,414,868 37,149,519 59,645,028 FUNDS EXPENDED Plant additions and replacements 1,549,016 2,736,979 2,493,848 21,292,553 35,974,449 27,028,983 Plant additions and replacements-cast Iron 759,423 1,005, ,198 4,992,328 7,256,486 5,826,110 CIR Retro Pay- Payment ,000 NDEQ Loan-Contact Basin - 5, ,000 NDEQ Loan-Bennington. 20,916 29, ,160 29,066 Bond Retirement - - 2,750,000 2,750,000 3,250,000 Gas loan retirement - 865,333 3,000,000 8,114,732 8,653,330 10,300,000 Total funds expended 2,308,439 4,633,228 6,444,046 37,179,557 55,493,425 46,434,159 CHANGE IN UNBILLED REVENUE 1,725, , , ,176 (33,567) 558,021 CHANGE IN ENVIRONMENTAL FUND (3) (3) (26) (26) OTHER CHANGES IN FUNDS- NET 758, ,048 3,195,090-3,196,790 NET INCREASE (DECREASE) IN FUNDS $ 4,602,020 $ 1.525,541 $ 448,781 10,294,551 (18,377,493) 16,965,654 FUNDS POSITION BEGINNING OF PERIOD $ 31,562,850 $ 31,562,850 $ 3,389,346 FUNDS POSITION- END OF PERIOD Cash and temp. Investments $ 13,285,349 $ 1,826,169 Bond Sinking Fund 12,018,687 7,356,249 Bond Series 2006B Project Fund 10,124,074 - Accounts receivable 17,451,147 18,297,043 Interdepartmental balances 6,660,780 6,506,029 Interest receivable - - Accounts payable (14,165,013} (10,970,751) Pioneer Approach Main deposits (677,699} (185,244) Level Payment Plan Credit (1,414,609) - Self-insurance reserve {1,425,315} {2,474,495) Total 1 $ 41,857,401 $ ,357 $ 20,355,000 STATISTICAL DATA Thousands of gallons sold 2,368,590 2,920,200 3,751,900 26,998,755 26,726,342 30,739,731 Number of customers 205, , , Total active payroll $ 4,927,806 $ 5,000,300 $ 4,730,969 $ 47,765,347 $ 48,097,259 $ 46,037,059 Number of employees { } denotes red figure W-2
18 METROPOLITAN UTILITIES DISTRICT OF OMAHA G-1 GAS DEPARTMENT OCTOBER 2013 BALANCE SHEETS Page 1 AS OF OCTOBER 31,2013 AND SEPTEMBER 30,2013 October 31 September 30 January 1 Increase (Decrease) ASSETS One Month Ten Months UTILITY PLANT -At Cost Plant in service $ 475,392,155 $ 470,940,551 $ 459,615,517 $ 4,451,604 $ 15,776,638 Less -Accumulated depreciation 154,229, ,847, ,154,064 (617,784). 7,075,711 Net utility plant in service 321,162, ,092, ,461,453 5,069,388 8,700,927 Construction in progress 25,581,237 28,469,070 13,789,941 (2,887,833) 11,791,296 Construction materials - at average cost 2,656,801 2,601,262 2,772,419 55,539 (115,618) Net utility plant 349,400, ,163, ,023,813 2,237,094 20,376,605 NONCURRENT ASSETS Long term receivable - Water Dept. loan Early Retiree Drug Subsidy- Restricted Fund ,636 - (300,636) Total noncurrent assets ,636 - (300,636) CURRENT ASSETS Cash in treasurer's accounts 53,640,596 49,444,312 46,681,876 4,196,284 6,958,720 Working funds (2,826,837) (874,813) 1,417,994 (1,952,024) (4,244,831) U.S. Government securities and certificates of deposit Accounts receivable - utility service 12,359,910 11,000,419 3,720,692 1,359,491 8,639,218 Accounts receivable - other 290, ,033 2,686,277 24,541 (2,395,703} Loan receivable from Water Department - - 4,961,503 - (4,961,503) Allowance for doubtful accounts (2,653, 185) (2,578,835) (1,784,406) (74,350) (868,779) Interdepartmental Receivable from Water Dept Accrued unbilled revenues 4,217,000 1,523,250 17,433,105 2,693,750 (13,216, 105) Natural gas in storage 3,620,256 3,269,896 3,199, , ,951 Natural gas in pipeline storage 10,990,562 9,382,739 7,740,639 1,607,823 3,249,923 Propane in storage 3,196,431 3,196,431 3,203,358 - (6,927) Materials and supplies - at average cost 3,392,579 3,417,700 3,354,289 (25,121) 38,290 Prepayments 51,377 69, ,688 (17,812) (147,311) Total current assets 86,279,263 78,116,321 92,813,321 8,162,942 (6,534,058) DEFERRED CHARGES 5,652,069 5,631,036 1,580,860 21,033 4,071,209 Total Assets $ 441,331,750 $ 430,910,681 $ 423,718,630 $ 1 0,421,069 $ 17,613,120 = G-1
19 METROPOLITAN UTILITIES DISTRICT OF OMAHA G-1 GAS DEPARTMENT OCTOBER 2013 BALANCE SHEETS AS OF OCTOBER 31,2013 AND SEPTEMBER 30,2013 Page2 October31 September 30 January 1 Increase (Decrease) LIABILITIES AND NET WORTH One Month Ten Months NONCURRENT LIABILITIES Long Term Remediation payable $ - $ - $ - $ - $ Long-Term Debt- CNG Loan 1,421,244 1,439,024 1,596,969 (17,780) (175,725) Net pension obligation 2,320,312 2,320,312 2,320,312 Other Post Employee Benefits. 49,188,205 48;353,621 40,842, ,584 8,345,834 Total noncurrent liabilities 52,929,761 52,112,957 44,759, ,804 8,170,109 CURRENT LIABILITIES Accounts payable 15,997,241 12,449,973 31,807,087 3,547,268 (15,809,846) Remediation payable 2,415,051 2,416,038 2,417,927 (987) (2,876) Interdepartmental Payable to Water Dept 6,660,780 4,739,774 1,654,199 1,921,006 5,006,581 Loan Payable to Water Department Line of Credit Funds Current maturities of CNG loan 210, , , ,396 Customer deposits 9,979,470 10,032,475 9,8_84,824 (53,005) 94,646 Customer credit balances 7,630,678 6,308,299 8,312,302 1,322,379 (681,624) Statutory payments to municipalities 735, , , ,804 (27,777) Accrued vacation payable 2,576,396 2,576,396 2,672,752 - (96,356) Total current liabilities 46,205,074 39,296,171 57,717,930 6,908,903 (11,512,856) CUSTOMER ADVANCES FOR CONSTRUCTION 40,827 37,187 61,930 3,640 (21,103) SELF- INSURED RISKS 1,533,166 1,516,200 1,701,332 16,966 (168,166) DEFERRED CREDITS 2,245,186 1,662,500 2,841, ,686 (596,559) NET WORTH Contributions in aid of construction 47,985,417 47,976,430 47,836,507 8, ,910 Accumulated reinvested earnings 290,392, ,309, ,799,534 2,083,083 21,592,785 Total net worth 338,377, ,285, ,636,041 2,092,070 21,741,695 - Total Liabilities and Net Worth $ 441,331,750 $ 430,910,681 $ 423,718,630. $ 10,421,069 $ 17,613,120 G-1
20 METROPOLITAN UTILITIES DISTRICT OF OMAHA G-2 GAS DEPARTMENT OCTOBER 2013 INCOME AND SOURCE AND DISPOSITION OF FUNDS STATEMENTS FOR THE MONTH AND TEN MONTHS ENDING OCTOBER 31, 2013 AND 2012 October Ten October Ten Months 2013 Months 2012 Actual Budget Actual Actual Budget Actual OPERATING REVENUES Gas sales revenue $ 12,697,266 $ 11,891,529 $ 10,939,282 $ 159,260,811 $ 137,533,316 $ 119,349,155 (Over)/under gas recovefy (583,586) - (130,141) 80,838-3,696,602 Infrastructure charge 1,093,684 1,045,866. 1,084,352 10,589,936 10,494,318 10,402,089 Other operating revenues 293, , ,990 3,991, ,500 4,427,864 Total operating revenues 13,500,693 13,350,895 12,290, ,923, ,109, ,875,710 Less: Bad debt expense (68,219} (100,000} (861815) (Z50,387} { } (868, 151) Total operating revenues, net 13,432,474 13,250,895 12,203, ,172, ,109, ,007,559 Less: Natural gas purchased for resale 6l31,971 6,838,893 6,607, z103 88,048, ,739 Operating revenue, net of gas cost 6,700,503 6,412,002 5,596,603 72,276,095 63,060,289 61,268,820 REVENUE DEDUCTIONS Operating expense 2,839,384 2,970,705 2,954,729 28,011,836 28,839,983 27,335,116 Maintenance expense 1,081,584 1,119,366 1,014,720 10,065,058 11,438,349 10,051,093 GIR service reconnecllons to mains 54, , ,393 1,029,710 - Depreciation 450, , ,210 8,887,825 8,229,331 7,820,458 Statuto!Y payments & fuel taxes 183, , ,653 2,938,619 2,514,680 2,175,352 Interest expense 7, , ,917 Total revenue deductions 4,617,513 5,076, ,757,080 52, , Net revenues 2,082,990 1,335,312 1,103,154 21,519,015 10,929,747 13,805,884 OTHER INCOME- Interest , FUNDS PROVIDED Net income (loss) 2,083,083 1,341,455 1,163,228 21,592,785 10,999,714 14,260,442 Depreciation and amortization charges 923,440 1,178, ,072 13,416,177 12,900,460 12,054,407 Net Pension Obligation (369,399) OPES 834, , ,250 8,345,834 8,827,330 6,168,659 Contribution in aid of construction - mains 12,627 6,261 69, ,350 Contribution in aid of construction - grants ,316-58,316 Loan payback from water 865,358 3,000,000 8,114,732 8,653,580 10,300,000 Line of credit funds Total funds provided 3,853,734 4,268,190 5, ,597, ,832,775 FUNDS EXPENDED Plant additions and replacements 2,734,008 2,028,069 3,524,817 24,479,221 32,847,658 22,443,442 Plant additions and replacements - Cast Iron 422,750 1,326,447 1,547,150 9,222,991 13,350,769 11,128,709 CIR Retro Pay- Payment ,000 - Natural gas invento!y increase (decrease) 1,958,183 1,796,511 1,212,944 3,663,947 (459,098) (3,370,377) Loan Retirement long-term CNG 17,342 17,166 16, , , ,910 Loan to water 3,153,229 16,800,000 Reductions in Line of credit funds Total funds expendeq 5,132,283 5,168,193 6,301,824 40,690,717 46,810,989 47,168,684 CHANGE IN UNBILLED REVENUE (2,693,750) (1,927,884) (2,989,291) 13,216,105 14,872,082 9,940,498 OTHER CHANGES IN FUNDS- NET 576,269 {200,000) {21349,969} {2,000,000} {2,568,648} NET INCREASE (DECREASE) IN FUNDS $ {3,396,030~ $ (3,027,887} $ {2,990,297} 21,772, ,035,942 FUNDS POSITION- BEGINNING OF PERIOD $ {6,203,703) $ {6, } $ {26,910,876) FUNDS POSITION - END OF PERIOD Cash and temp. investments $ 50,813,759 $ 25,357,411 Accounts receivable 9,706,725 (4,923,284) Interdepartmental balances (6,660,780) (6,506,029) Accounts payable (19,147,339) (17,706,686) Customer deposits (9,979,470) (9,715,745) Level Payment Plan Credit (7,630,678) (8,402,505) Self-insurance reserve,1,533,166} {1,978,096} Total $ 15,569,051 $ 1,238,474 $ (23,874,934) STATISTICAL DATA Gas Systems Sendout 1,978,656 1,760,000 1,894,221 24,885,017 23,017,700 20,192,652 Heating degree days ,272 4,057 3,156 Number of customers 219, , , Total active payroll $ 4,927,806 $ 5,000,300 $ 4,730,969 $ 47,765,347 $ 48,097,259 $ 46,037,059 Number of employees ( ) denotes red figure G-2
21 Infrastructure Replacement Program - Status Report GAS PROJECTED Gas Infrastructure Revenue (GIR) - Note 1 $11,390,573 $12,219,200 $12,348,121 $12,463,519 $12,439,611 $12,802,765 $12,574,770 $12,637,644 Projected GCI Costs (Budget/Estimated)* $4,834,344 $11,390,789 $10,235,493 $11,437,579 $14,014,094 $13,825,388 $14,542,320 $17,779,556 Annual Net - Revenue minus costs $6,556,229 $828,411 $2,112,628 $1,025,940 ($1,574,483) ($1,022,623) ($1,967,550) ($5,141,912) Total Projected Net $6,556,229 $7,384,640 $9,497,268 $10,523,208 $8,948,725 $7,926,102 $5,958,552 $816,640 GAS ACTUAL (YTD Oct) 2014 & beyond based on preliminary GIR Gas Infrastructure Revenue $11,390,573 $12,219,200 $12,348,121 $12,463,519 $12,439,611 $10,759,708 GIR Bad Debt (Note 3) ($52,891) ($56,107) ($48,210) Actual Expenditures GCI Mains per G-21 $1,870,695 $6,030,984 $4,880,328 $6,212,110 $6,837,867 $4,883,914 GIR services per G-21 $257,657 $2,760,211 $4,230,316 $5,417,743 $6,866,790 $4,275,066 GIR service reconnections per G-2 $779,393 Abandonments - approx $412,211 $638,655 $658,647 $1,014,590 $455,278 $460,820 Regulator Stations per G-21 $0 $245,412 $77,347 $0 $154,580 $64,011 Total Expenditures $2,540,563 $9,675,261 $9,846,638 $12,644,443 $14,314,515 $10,463,204 Annual Net - Revenue minus costs $8,797,118 $2,487,832 $2,453,273 ($180,924) ($1,874,904) $296,504 Interest 0.25% $10,996 $25,130 $31,369 $34,288 $31,804 $24,925 Total Actual Net $8,808,115 $11,321,077 $13,805,720 $13,659,084 $11,815,984 $12,137,413 **************************************************************************************************************************************************************************************************************** WATER PROJECTED Water Infrastructure Revenue (WIR) - Note 2 $5,924,501 $6,716,778 $10,107,799 $13,521,214 $13,856,957 $14,216,400 $13,987,414 $14,057,351 Projected WCI Costs (Budget/Estimated)* $7,008,368 $6,965,055 $6,981,197 $9,361,541 $7,567,691 $12,157,185 $11,762,400 $15,009,000 Annual Net - Revenue minus costs ($1,083,867) ($248,277) $3,126,602 $4,159,673 $6,289,266 $2,059,215 $2,225,014 ($951,649) Total Projected Net ($1,083,867) ($1,332,144) $1,794,459 $5,954,132 $12,243,398 $14,302,614 $16,527,628 $15,575,979 WATER ACTUAL (YTD Oct) 2014 & beyond based on preliminary WIR Water Infrastructure Revenue $5,924,501 $6,716,778 $10,107,799 $13,521,214 $13,856,957 $11,949,692 WIR Bad Debt (Note 3) ($20,453) ($22,701) ($27,546) Actual Expenditures WCI Mains per W-2 $3,653,101 $5,289,001 $5,165,884 $8,245,475 $7,782,139 $4,992,328 Abandonments - approx $147,396 $324,132 $248,164 $394,376 $189,212 $101,985 Service Reconnections $143,169 $525,463 $722,597 $1,815,087 $1,297,494 $696,877 Total Expenditures $3,943,666 $6,138,597 $6,136,645 $10,454,938 $9,268,845 $5,791,190 Annual Net - Revenue minus costs $1,960,381 $555,480 $3,943,608 $3,066,276 $4,588,112 $6,158,502 Interest 0.25% $2,450 $5,601 $11,239 $20,030 $29,648 $35,963 Total Actual Net $1,962,832 $2,523,914 $6,478,761 $9,565,067 $14,182,827 $20,377,292 Note 1: GIR rates 2008 through current & beyond: Residential = $3/mo; Commercial = $23/mo; Industrial = $300/mo GIR revenue reflects BILLED revenue and does not include accrued unbilled revenue Note 2: WIR rates 2010: Residential = $3/mo; Commercial = $17/mo; Industrial = $500 WIR rates 2011 & beyond: Residential = $4/mo; Commercial = $22/mo; Industrial = $500/mo WIR revenue reflects BILLED revenue and does not include accrued unbilled revenue Note 3: unpaid GIR & WIR charges from 2008 written off in Dec 2010; amount is not updated to reflect recoveries *Projected costs for reflects estimated costs for jobs budgeted and/or approved in the year
METROPOLITAN UTILITIES DISTRICT Inter-Department Communication. August20,2013
METROPOLITAN UTILITIES DISTRICT Inter-Department Communication August20,2013 Subject: REPORT ON INCOME AND FINANCE FOR JUNE 2013 To: From: Committee on Accounts, Expenditures, Finance and Rates cc: All
More informationWater Operations Current Month - November 2018
November 2018 Water Operations Current Month - November 2018 $8.0 Net Operating Revenue (Net of Bad Debt) $8.1 $8.6 $8.0 2.0 1.5 Volumes Billions of Gallons Sold 1.8 1.7 1.6 $6.0 1.0 $4.0 $2.0 0.5 Actual
More informationSan Antonio Water System
CONDENSED MONTHLY FINANCIAL REPORT December 2018 San Antonio, Texas CONDENSED MONTHLY FINANCIAL REPORT SAN ANTONIO WATER SYSTEM DECEMBER 31, 2018 Attached is the monthly financial report of the (SAWS)
More informationThe Building Blocks of Our Community. City of Huntsville Electric, Natural Gas, and Water Systems. Component Unit Financial Statements
Huntsville Utilities: Appendix A The Building Blocks of Our Community City of Huntsville Electric, Natural Gas, and Water Systems Component Unit Financial Statements September 30, 2007 and 2006 Huntsville
More informationPHILADELPHIA GAS WORKS (A Component Unit of the City of Philadelphia) Basic Financial Statements and Supplementary Information
Basic Financial Statements and Supplementary Information (With Independent Auditors Report Thereon) Table of Contents Independent Auditors Report 1 Management s Discussion and Analysis, (Unaudited) 3 Basic
More informationPHILADELPHIA GAS WORKS (A Component Unit of the City of Philadelphia) Basic Financial Statements and Supplementary Information
Basic Financial Statements and Supplementary Information (With Independent Auditors Reports Thereon) Table of Contents Independent Auditors Report 1 Management s Discussion and Analysis, (Unaudited) 3
More informationCITY OF CLARKSVILLE, TENNESSEE GAS DEPARTMENT AND WATER AND SEWER DEPARTMENT AUDITED FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATION JUNE 30,
GAS DEPARTMENT AND WATER AND SEWER DEPARTMENT AUDITED FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATION JUNE 30, 2012 AND 2011 GAS DEPARTMENT AND WATER AND SEWER DEPARTMENT JUNE 30, 2012 AND 2011 TABLE
More informationCONSOLIDATED FINANCIAL STATEMENTS THE SOUTHERN CONNECTICUT GAS COMPANY
CONSOLIDATED FINANCIAL STATEMENTS OF THE SOUTHERN CONNECTICUT GAS COMPANY AS OF MARCH 31, 2018 AND DECEMBER 31, 2017 AND FOR THE THREE MONTHS ENDED MARCH 31, 2018 AND 2017 (UNAUDITED) TABLE OF CONTENTS
More informationWATER, ELECTRIC, OR JOINT UTILITY ANNUAL REPORT
UTILITY NO. 3140 Class AB WATER, ELECTRIC, OR JOINT UTILITY ANNUAL REPORT OF LITTLE CHUTE MUNICIPAL WATER DEPT 108 W MAIN ST LITTLE CHUTE, WI 54140-1750 For the Year Ended: DECEMBER 31, 2016 TO PUBLIC
More informationSustainability. metropolitan utilities district annual report
Sustainability metropolitan utilities district annual report 2010 Our mission To provide customers high quality natural gas and water service at a cost consistent with sound management practices. About
More informationPHILADELPHIA GAS WORKS (A Component Unit of the City of Philadelphia) Basic Financial Statements and Supplementary Information
Basic Financial Statements and Supplementary Information (With Independent Auditors Report Thereon) Table of Contents Independent Auditors Report 1 Management s Discussion and Analysis, (Unaudited) 3 Basic
More informationWATER, ELECTRIC, OR JOINT UTILITY ANNUAL REPORT
UTILITY NO. 5370 Class AB WATER, ELECTRIC, OR JOINT UTILITY ANNUAL REPORT OF SHEBOYGAN WATER UTILITY 72 PARK AVE SHEBOYGAN, WI 53081-2958 For the Year Ended: DECEMBER 31, 2016 TO PUBLIC SERVICE COMMISSION
More informationCITY OF CLARKSVILLE, TENNESSEE
GAS, WATER AND Wastewater DEPARTMENTS AUDITED FINANCIAL STATEMENTS AND OTHER INFORMATION JUNE 30, 2018 AND 2017 JUNE 30, 2018 AND 2017 TABLE OF CONTENTS Financial Section Independent Auditor s Report 1
More informationWATER, ELECTRIC, OR JOINT UTILITY ANNUAL REPORT
UTILITY NO. 5370 Class AB WATER, ELECTRIC, OR JOINT UTILITY ANNUAL REPORT OF SHEBOYGAN WATER UTILITY 72 PARK AVE SHEBOYGAN, WI 53081-2958 For the Year Ended: DECEMBER 31, 2017 TO PUBLIC SERVICE COMMISSION
More informationFINANCIAL STATEMENTS CONNECTICUT NATURAL GAS CORPORATION (UNAUDITED)
FINANCIAL STATEMENTS OF CONNECTICUT NATURAL GAS CORPORATION AS OF MARCH 31, 2018 AND DECEMBER 31, 2017 AND FOR THE THREE MONTHS ENDED MARCH 31, 2018 AND 2017 (UNAUDITED) TABLE OF CONTENTS Financial Statements:
More informationAttalla Water Works Board
Attalla Water Works Board Financial Statements for the Years Ended September 30,2009 and 2008 HINDSMAN, HALL & STOREY, P. C. Certified Public Accountants TABLE OF CONTENTS INDEPENDENT AUDITORS' REPORT
More informationBOSTON GAS COMPANY FINANCIAL STATEMENTS FOR THE PERIOD JANUARY 1, 2007 THROUGH MARCH 31, 2008 AND INDEPENDENT AUDITORS REPORT
BOSTON GAS COMPANY FINANCIAL STATEMENTS FOR THE PERIOD JANUARY 1, 2007 THROUGH MARCH 31, 2008 AND INDEPENDENT AUDITORS REPORT BOSTON GAS COMPANY INDEX Page No. Statement of Income For the Period August
More informationMonthly Financial Report
AGENDA ITEM NO: 4.C.1 Monthly Financial Report with data through October 2017 (Unaudited) The data contained in this report has not been independently audited. Alameda Municipal Power Financial Report
More informationExhibit D-1 Page1 PACIFIC GAS AND ELECTRIC COMPANY CONDENSED CONSOLIDATED STATEMENTS OF INCOME
EXHIBIT D PACIFIC GAS AND ELECTRIC COMPANY CONDENSED CONSOLIDATED STATEMENTS OF INCOME Exhibit D-1 Page1 (Unaudited) Three Months Ended March 31, (in millions) 2010 2009 Operating Revenues Electric $ 2,510
More informationCity of Huntsville, Alabama Electric, Natural Gas, and Water Systems. Component Unit Financial Statements
City of Huntsville, Alabama Electric, Natural Gas, and Water Systems Component Unit Financial Statements September 30, 2016 and 2015 Table of Contents Page(s) Independent Auditor's Report on Financial
More informationMonthly Financial Report
AGENDA ITEM NO: 4.C.1 Monthly Financial Report with data through February 2019 (Unaudited) The data contained in this report has not been independently audited. Alameda Municipal Power Financial Report
More informationCity of Huntsville Electric, Natural Gas, and Water Systems. Component Unit Financial Statements. September 30, 2013 and 2012
City of Huntsville Electric, Natural Gas, and Water Systems Component Unit Financial Statements September 30, 2013 and 2012 COMPONENT UNIT FINANCIAL STATEMENT HUNTSVILLE UTILITIES 2013 ANNUAL REPORT 21
More informationCity of Chicago, Illinois Water Fund
City of Chicago, Illinois Water Fund Basic Financial Statements as of and for the Years Ended December 31, 2010 and 2009, Required Supplementary Information, Additional Information, Statistical Data, and
More informationSUFFOLK COUNTY WATER AUTHORITY. Financial Statements and Required Supplementary Information. May 31, 2017 and 2016
Financial Statements and Required Supplementary Information (With Independent Auditors Reports Thereon) Table of Contents Independent Auditors Report 1 Management s Discussion and Analysis (Unaudited)
More informationCH ENERGY GROUP, INC. & CENTRAL HUDSON GAS & ELECTRIC CORP. QUARTERLY FINANCIAL REPORT. for the period ended
CH ENERGY GROUP, INC. & CENTRAL HUDSON GAS & ELECTRIC CORP. QUARTERLY FINANCIAL REPORT for the period ended SEPTEMBER 30, 2017 FINANCIAL STATEMENTS (UNAUDITED) QUARTER ENDED SEPTEMBER 30, 2017 TABLE OF
More informationCITY OF RICHMOND, VIRGINIA STATEMENT OF NET ASSETS PROPRIETARY FUNDS June 30, 2002
EXHIBIT E-1 STATEMENT OF NET ASSETS June 30, 2002 Gas Water Wastewater Other Total Funds Assets Current Assets: Cash and Cash Equivalents (Note 3) $ 30,395,244 $ 6,526,802 $ 39,908,622 $ 379,726 $ 77,210,394
More informationCITY OF GRAND ISLAND, NEBRASKA ELECTRIC DEPARTMENT FINANCIAL STATEMENTS. September 30, 2016 and 2015
FINANCIAL STATEMENTS TABLE OF CONTENTS Page INDEPENDENT AUDITOR S REPORT 2 BASIC FINANCIAL STATEMENTS Statements of Net Position 5 Statements of Revenues, Expenses, and Changes in Net Position 6 Statements
More informationUNIFORM SYSTEM OF ACCOUNTS ACCOUNT LISTING BALANCE SHEET CHART OF ACCOUNTS ASSETS AND OTHER DEBITS
BALANCE SHEET CHART OF ACCOUNTS ASSETS AND OTHER DEBITS 1. UTILITY PLANT 101 Electric plant in service (Major only). 101.1 Property under capital leases. 102 Electric plant purchased or sold. 103 Experimental
More informationCITY OF CLARKSVILLE, TENNESSEE GAS DEPARTMENT AND WATER & SEWER DEPARTMENT AUDITED FINANCIAL STATEMENTS AND OTHER INFORMATION JUNE 30, 2013 AND 2012
CITY OF CLARKSVILLE, TENNESSEE GAS DEPARTMENT AND WATER & SEWER DEPARTMENT AUDITED FINANCIAL STATEMENTS AND OTHER INFORMATION JUNE 30, 2013 AND 2012 CITY OF CLARKSVILLE, TENNESSEE GAS DEPARTMENT AND WATER
More informationANNUAL REPORT WATER, ELECTRIC, OR JOINT UTILITY TO PUBLIC SERVICE COMMISSION OF WISCONSIN
UTILITY NO. 398 Class C 314 (2-5-9) ANNUAL REPORT OF Name: MUKWONAGO MUNICIPAL WATER UTILITY Principal Office: 44 RIVER CREST COURT P.O. BOX 26 MUKWONAGO, WI 53149 For the Year Ended: DECEMBER 31, 28 WATER,
More informationCH ENERGY GROUP, INC. & CENTRAL HUDSON GAS & ELECTRIC CORP. ANNUAL FINANCIAL REPORT. for the period ended
CH ENERGY GROUP, INC. & CENTRAL HUDSON GAS & ELECTRIC CORP. ANNUAL FINANCIAL REPORT for the period ended DECEMBER 31, 2017 FINANCIAL STATEMENTS YEAR ENDED DECEMBER 31, 2017 TABLE OF CONTENTS CH Energy
More informationMONROE COUNTY WATER AUTHORITY (A Discretely Presented Component Unit of the County of Monroe, New York)
MONROE COUNTY WATER AUTHORITY (A Discretely Presented Component Unit of the County of Monroe, New York) Financial Statements as of December 31, 2017 Together with Independent Auditor s Report MONROE COUNTY
More informationCH ENERGY GROUP, INC. & CENTRAL HUDSON GAS & ELECTRIC CORP. QUARTERLY FINANCIAL REPORT. for the period ended
CH ENERGY GROUP, INC. & CENTRAL HUDSON GAS & ELECTRIC CORP. QUARTERLY FINANCIAL REPORT for the period ended MARCH 31, 2018 FINANCIAL STATEMENTS (Unaudited) QUARTER ENDED MARCH 31, 2018 TABLE OF CONTENTS
More informationManagement s Discussion and Analysis of Financial Performance for the Quarter Ended December 31, 2017
Quarterly Analysis of Financial Performance 2017 Management s Discussion and Analysis of Financial Performance for the Quarter Ended 31, 2017 JEA is a municipal utility operating in Jacksonville, Florida
More informationBasic Financial Statements and Other Information. June 30, 2014
Basic Financial Statements and Other Information (With Independent Auditors Report Thereon) Table of Contents Page Independent Auditors Report 1 Management s Discussion and Analysis Unaudited 3 Basic Financial
More informationSOUTHERN RESEARCH INSTITUTE (A Component Unit of the University of Alabama at Birmingham)
(A Component Unit of the University of Alabama at Birmingham) FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION TABLE OF CONTENTS INDEPENDENT AUDITORS REPORT 1 MANAGEMENT S DISCUSSION AND ANALYSIS (Unaudited)
More informationCHEROKEE COUNTY WATER AND SEWERAGE AUTHORITY FINANCIAL REPORT FOR THE FISCAL YEAR ENDING AUGUST 31, 2012
CHEROKEE COUNTY WATER AND SEWERAGE AUTHORITY FINANCIAL REPORT FOR THE FISCAL YEAR ENDING AUGUST 31, 2012 CHEROKEE COUNTY WATER AND SEWERAGE AUTHORITY FINANCIAL REPORT FOR THE FISCAL YEAR ENDED AUGUST 31,
More informationCITY OF DETROIT WATER FUND. Basic Financial Statements and Required Supplementary Information. June 30, 2006 and 2005
Basic Financial Statements and Required Supplementary Information (With Independent Auditors Report Thereon) Table of Contents Page(s) Independent Auditors Report 1 2 Basic Financial Statements: Statements
More informationCH ENERGY GROUP, INC. & CENTRAL HUDSON GAS & ELECTRIC CORP. ANNUAL FINANCIAL REPORT. for the period ended
CH ENERGY GROUP, INC. & CENTRAL HUDSON GAS & ELECTRIC CORP. ANNUAL FINANCIAL REPORT for the period ended DECEMBER 31, 2014 Report of Independent Auditors The Board of Directors of Fortis Inc. We have audited
More informationAustin Utilities Mission Statement:
Austin Utilities Mission Statement: Our mission is to offer utility products and services in a safe, reliable and responsible manner in order to enhance the quality of life in our community. Annual Report
More informationNorthern Wasco County People s Utility District. Report of Independent Auditors and Financial Statements with Supplementary Information for
Report of Independent Auditors and Financial Statements with Supplementary Information for Northern Wasco County People s Utility District December 31, 2016 and 2015 (Restated) CONTENTS BOARD OF DIRECTORS,
More informationSaginaw-Midland Municipal. Water Supply Corporation
Saginaw-Midland Municipal Water Supply Corporation Financial Statements Table of Contents Section Page 1 Independent Auditors Report 1 2 Management s Discussion and Analysis 4 3 Basic Financial Statements
More informationCITY OF SPRINGFIELD, ILLINOIS
CITY OF WATER FUND (An Enterprise Fund of the City of Springfield, Illinois) For the Years Ended February 28, 2018 and February 28, 2017 TABLE OF CONTENTS Page(s) Independent Auditor s Report... 1-2 Financial
More informationPEACHTREE CITY WATER AND SEWERAGE AUTHORITY
PEACHTREE CITY WATER AND SEWERAGE AUTHORITY (A COMPONENT UNIT OF PEACHTREE CITY, GEORGIA) FINANCIAL REPORT FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2014 PEACHTREE CITY WATER AND SEWERAGE AUTHORITY FINANCIAL
More informationReport of Independent Auditors and Financial Statements for. Imperial Irrigation District
Report of Independent Auditors and Financial Statements for Imperial Irrigation District December 31, 2014 and 2013 CONTENTS REPORT OF INDEPENDENT AUDITORS 1 2 PAGE MANAGEMENT S DISCUSSION AND ANALYSIS
More informationSolid Waste Management 2006 Financial Report
Solid Waste Management 2006 Financial Report City of Tacoma Public Works Environmental Services Table of Contents Independent Auditor s Report... 2 Management s Discussion and Analysis... 4 Financial
More informationCity of Wyandotte, Michigan Department of Municipal Service. Financial Report September 30, 2012
Financial Report Contents Report Letter 1-2 Management s Discussion and Analysis 3-6 Basic Financial Statements Statement of Net Assets 7 Statement of Revenue, Expenses, and Changes in Net Assets 8 Statement
More informationBALANCE SHEETS (thousands) Assets
BALANCE SHEETS Assets 2011 2010 (thousands) as of December 31, 2011 and 2010 Utility Plant - at cost Electric plant..................................... $ 4,943,363 $ 4,792,217 Less accumulated depreciation
More informationBeaumont-Cherry Valley Water District 2018 Operating Budget
Beaumont-Cherry Valley Water District 2018 Operating Budget Table of Contents Introduction Section... 1 Executive Summary... 2 Background... 4 Organization... 5 Basis of Budgeting and Accounting... 6 Budget
More informationGateway Services Community Development District
Gateway Services Community Development District Financial Report December 31, 2016 Prepared by Gateway Services Community Development District Table of Contents BASIC FINANCIAL STATEMENTS Report Page #
More informationCITY OF SPRINGFIELD, ILLINOIS. WATER FUND (An Enterprise Fund of the City of Springfield, Illinois)
CITY OF WATER FUND (An Enterprise Fund of the City of Springfield, Illinois) For the Years Ended February 29, 2016 and February 28, 2015 TABLE OF CONTENTS Page(s) Independent Auditor s Report... 1-2 Financial
More informationCITY OF SPRINGFIELD, ILLINOIS. WATER FUND (An Enterprise Fund of the City of Springfield, Illinois)
CITY OF WATER FUND (An Enterprise Fund of the City of Springfield, Illinois) For the Years Ended February 28, 2014 and February 28, 2013 TABLE OF CONTENTS Page(s) Independent Auditor s Report... 1-2 Financial
More informationCLASS "A" OR "B" WATER AND/OR WASTEWATER UTILITIES (Gross Revenue of More Than $200,000 Each) ANNUAL REPORT. Exact Legal Name of Respondent
CLASS "A" OR "B" WATER AND/OR WASTEWATER UTILITIES (Gross Revenue of More Than $200,000 Each) ANNUAL REPORT OF Exact Legal Name of Respondent Certificate Number(s) Submitted To The CHARLOTTE COUNTY GOVERNMENT
More informationEUGENE WATER & ELECTRIC BOARD INDEPENDENT AUDITOR S REPORTS AND FINANCIAL STATEMENTS DECEMBER 31, 2006 AND 2005
INDEPENDENT AUDITOR S REPORTS AND FINANCIAL STATEMENTS DECEMBER 31, 2006 AND 2005 CONTENTS BOARD OF COMMISSIONERS AND OFFICERS 1 PAGE INDEPENDENT AUDITOR S REPORT 2 MANAGEMENT S DISCUSSION AND ANALYSIS
More informationANNUAL REPORT WATER, ELECTRIC, OR JOINT UTILITY TO PUBLIC SERVICE COMMISSION OF WISCONSIN
UTILITY NO. 328 Class AB 313 (2-5-9) ANNUAL REPORT OF Name: MADISON WATER UTILITY Principal Office: 119 E OLIN AVENUE MADISON, WI 53713-1431 For the Year Ended: DECEMBER 31, 29 WATER,, OR JOINT UTILITY
More informationManagement s Discussion and Analysis of Financial Performance for the Quarter Ended December 31, 2018
Quarterly Analysis of Financial Performance December 2018 Management s Discussion and Analysis of Financial Performance for the Quarter Ended December 31, 2018 JEA is a municipal utility operating in Jacksonville,
More informationExhibit Table 1: PG&E Corporation Business Priorities
Exhibit 99.2 Table 1: PG&E Corporation Business Priorities 2006-2010 1. Advance business transformation 2. Provide attractive shareholder returns 3. Increase investment in utility infrastructure 4. Implement
More informationCity of Hamilton, Ohio Wastewater System
City of Hamilton, Ohio Wastewater System Financial Statements Years Ended December 31, 2009 and 2008 With Independent Auditors Report TABLE OF CONTENTS Independent Auditors Report...1 Management s Discussion
More informationUtility Description Information
All data entered is for the Annual Report period. The cells that are outlined in black should have data entered into them. Those cells that are shaded not require the utility to enter data since that data
More informationWATER DIVISION OF THE CITY OF ST. LOUIS, MISSOURI (An Enterprise Fund of the City of St. Louis, Missouri)
Basic Financial Statements and Other Information (With Independent Auditors Report Thereon) Table of Contents Page Independent Auditors Report 1 Management s Discussion and Analysis Unaudited 3 Basic Financial
More informationCOMPREHENSIVE ANNUAL FINANCIAL REPORT OF THE EAST CEDAR CREEK FRESH WATER SUPPLY DISTRICT
COMPREHENSIVE ANNUAL FINANCIAL REPORT OF THE EAST CEDAR CREEK FRESH WATER SUPPLY DISTRICT FOR FISCAL YEAR ENDED March 31, 2018 General Manager Bill Goheen COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE
More informationSAN FRANCISCO WASTEWATER ENTERPRISE. Financial Statements. June 30, 2009 and (With Independent Auditors Report Thereon)
Financial Statements (With Independent Auditors Report Thereon) Table of Contents Independent Auditors Report 1 Management s Discussion and Analysis 3 Financial Statements: Statements of Net Assets 14
More informationFINANCIAL STATEMENTS DECEMBER 31, 2005 AND 2004 CASS RURAL WATER USERS DISTRICT
FINANCIAL STATEMENTS DECEMBER 31, 2005 AND 2004 CASS RURAL WATER USERS DISTRICT CASS RURAL WATER USERS DISTRICT Table of Contents INDEPENDENT AUDITOR'S REPORT ON FINANCIAL STATEMENTS 1 MANAGEMENT S DISCUSSION
More informationSchedule of Revenues, Expenses, and Changes in Net Position (Income Statement) Page 4
M E M O R A N D U M EUGENE WATER & ELECTRIC BOARD TO: Commissioners Simpson, Helgeson, Manning, Mital and Brown FROM: Sue Fahey, Chief Financial Officer; Susan Eicher, Accounting & Treasury Supervisor
More informationCITY OF SPRINGFIELD, ILLINOIS. WATER FUND (An Enterprise Fund of the City of Springfield, Illinois)
CITY OF WATER FUND (An Enterprise Fund of the City of Springfield, Illinois) For the Years Ended February 28, 2015 and February 28, 2014 TABLE OF CONTENTS Page(s) Independent Auditor s Report... 1-2 Financial
More informationCH ENERGY GROUP, INC. & CENTRAL HUDSON GAS & ELECTRIC CORP. QUARTERLY FINANCIAL REPORT. for the period ended
CH ENERGY GROUP, INC. & CENTRAL HUDSON GAS & ELECTRIC CORP. QUARTERLY FINANCIAL REPORT for the period ended MARCH 31, 2017 FINANCIAL STATEMENTS (Unaudited) QUARTER ENDED MARCH 31, 2017 TABLE OF CONTENTS
More informationCITY OF ANAHEIM WATER UTILITY FUND. Financial Statements. June 30, 2016 and (With Independent Auditors Report Thereon)
Financial Statements (With Independent Auditors Report Thereon) Table of Contents Page Independent Auditors Report 1 Management s Discussion and Analysis (Unaudited) 3 Financial Statements: Statement of
More informationReport of Independent Auditors
Report of Independent Auditors To the Board of Commissioners Public Utility District No. 1 of Clark County Vancouver, Washington Report on the Financial Statements We have audited the accompanying individual
More information(A CALIFORNIA NONPROFIT CORPORATION) FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS REPORT
(A CALIFORNIA NONPROFIT CORPORATION) FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS REPORT FOR THE YEARS ENDED APRIL 30, 2018 AND 2017 CEDARPINES PARK MUTUAL WATER COMPANY (A CALIFORNIA NONPROFIT CORPORATION)
More information1. Advance business transformation. 2. Provide attractive shareholder returns. 3. Increase investment in utility infrastructure
Table 1: PG&E Corporation Business Priorities 2006-2010 1. Advance business transformation 2. Provide attractive shareholder returns 3. Increase investment in utility infrastructure 4. Implement an effective
More informationGateway Services Community Development District
Gateway Services Community Development District Financial Report January 31, 2017 Prepared by Gateway Services Community Development District Table of Contents BASIC FINANCIAL STATEMENTS Report Page #
More informationAUSTIN UTILITIES FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION YEAR ENDED DECEMBER 31, 2018
FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION YEAR ENDED TABLE OF CONTENTS INTRODUCTION SECTION ORGANIZATION SCHEDULE 1 FINANCIAL SECTION INDEPENDENT AUDITORS REPORT 2 REQUIRED SUPPLEMENTARY INFORMATION
More informationCITY OF ANAHEIM WATER UTILITY FUND. Financial Statements. June 30, 2014 and (With Independent Auditors Report Thereon)
Financial Statements (With Independent Auditors Report Thereon) Table of Contents Page Independent Auditors Report 1 Management s Discussion and Analysis (Unaudited) 3 Financial Statements: Statements
More informationWest Virginia Higher Education Policy Commission
West Virginia Higher Education Policy Commission Financial Statements and Additional Information for the Year Ended June 30, 2002, and Independent Auditors Reports WEST VIRGINIA HIGHER EDUCATION POLICY
More informationWEST BEND WATER AND SEWER UTILITIES Enterprise Funds of the City of West Bend, Wisconsin
WEST BEND WATER AND SEWER UTILITIES Enterprise Funds of the City of West Bend, Wisconsin FINANCIAL STATEMENTS Including Independent Auditors' Report WEST BEND WATER AND SEWER UTILITIES Enterprise Funds
More informationCHARTER TOWNSHIP OF COMMERCE OAKLAND COUNTY, MICHIGAN FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2016 AND INDEPENDENT AUDITORS REPORT
OAKLAND COUNTY, MICHIGAN FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2016 AND INDEPENDENT AUDITORS REPORT C O N T E N T S PAGE INDEPENDENT AUDITORS REPORT 1-2 MANAGEMENT'S DISCUSSION AND ANALYSIS
More informationI. INTRODUCTORY SECTION
Spartanburg Water System Spartanburg, South Carolina Comprehensive Annual Financial Report For the Years Ended June 30, 2018 and 2017 I. INTRODUCTORY SECTION SPARTANBURG WATER SYSTEM SPARTANBURG, SOUTH
More informationAUDITED FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION
AUDITED FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION MUNICIPAL UTILITIES BOARD OF THE CITY OF ALBERTVILLE WASTE WATER SYSTEM ALBERTVILLE, ALABAMA June 30, 2017 and 2016 TABLE OF CONTENTS PAGE INDEPENDENT
More informationDraft Financial Statements - Unaudited. For the Year Ended September 30, 2016 DRAFT
Draft Financial Statements - Unaudited For the Year Ended September 30, 2016 Financial Statements - Unaudited For the Year Ended September 30, 2016 Contents Overview and Basis of Accounting 2 Management
More informationCITY OF RICHMOND, VIRGINIA STATEMENT OF NET ASSETS PROPRIETARY FUNDS June 30, 2004
EXHIBIT E-1 STATEMENT OF NET ASSETS June 30, 2004 Water Wastewater Other Total Assets Current Assets: Cash and Cash Equivalents (Note 3) $ 31,717,844 $ 5,117,193 $ 35,102,877 $ 99,857 $ 72,037,771 $ 42,342,593
More informationTOWN OF TEMPLETON, MASSACHUSETTS MUNICIPAL WATER DEPARTMENT Financial Statements June 30, 2014 and 2013
Financial Statements June 30, 2014 and 2013 TABLE OF CONTENTS Page Independent Auditors' Report 1-2 Management s Discussion and Analysis 3-5 Financial Statements: Statements of Net Position 6,7 Statements
More informationStatement of Revenues, Expenses, and Changes in Net Position (Income Statement) Page 4
M E M O R A N D U M EUGENE WATER & ELECTRIC BOARD TO: FROM: DATE: August 26, 2016 SUBJECT: OBJECTIVE: Commissioners Simpson, Helgeson, Manning, Mital and Brown Sue Fahey, CFO; Susan Eicher, Accounting
More informationANNUAL RESULTS OF OPERATIONS REPORT
Class A Water Utility (Annual Gross Revenue of 1,000,000 or more) Class B Water Utility (Annual Gross Revenue between 200,000 and 999,999) Class C Water Utility (Annual Gross Revenue less than 199,999)
More informationAttachment 7A Page 1 of 3
Attachment 7A Page 1 of 3 $ (In Thousands) Dec 31, 2015 Dec 31, 2016 Dec 31, 2017 Assets and Other Debits Utility Plant Electric Utility Plant 101 Electric Utility Plant in Service $ 13,747,438 $ 15,540,571
More informationTHE SOUTHERN CONNECTICUT GAS COMPANY AUDITED CONSOLIDATED FINANCIAL STATEMENTS AS OF AND FOR THE YEARS ENDED DECEMBER 31, 2017 AND 2016
AUDITED CONSOLIDATED FINANCIAL STATEMENTS AS OF AND FOR THE YEARS ENDED DECEMBER 31, 2017 AND 2016 TABLE OF CONTENTS Page Number Independent Auditor s Report 2 Consolidated Financial Statements: Consolidated
More informationPurpose The purpose of the Controller s Report is to provide summarized financial information on a monthly basis to the Board of Directors.
May 16, 2018 Attention: Administrative and Finance Committee Controller s Report on Monthly Financial Activity. (Information) Purpose The purpose of the Controller s Report is to provide summarized financial
More informationCONNECTICUT NATURAL GAS CORPORATION AUDITED FINANCIAL STATEMENTS AS OF AND FOR THE YEARS ENDED DECEMBER 31, 2017 AND 2016
AUDITED FINANCIAL STATEMENTS AS OF AND FOR THE YEARS ENDED DECEMBER 31, 2017 AND 2016 TABLE OF CONTENTS Page Number Independent Auditor s Report 2 Financial Statements: Statement of Income for years ended
More informationThe William Paterson University of New Jersey
The William Paterson University of New Jersey (A Component Unit of the State of New Jersey) Financial Statements and Management s Discussion and Analysis Table of Contents Page Independent Auditors Report
More informationKern Community College District Bakersfield, California FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION WITH INDEPENDENT AUDITORS REPORTS
Bakersfield, California FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION WITH INDEPENDENT AUDITORS REPORTS June 30, 2018 TABLE OF CONTENTS June 30, 2018 Page Number Independent Auditors Report 1 FINANCIAL
More informationFortisBC Energy Inc. An indirect subsidiary of Fortis Inc. Consolidated Financial Statements For the years ended December 31, 2017 and 2016
An indirect subsidiary of Fortis Inc. Consolidated Financial Statements Prepared in accordance with accounting principles generally accepted in the United States of America MANAGEMENT S REPORT The accompanying
More informationKirkwood Meadows Public Utility District Finance Committee REGULAR MEETING NOTICE
Kirkwood Meadows Public Utility District Finance Committee REGULAR MEETING NOTICE NOTICE IS HEREBY GIVEN that the Finance Committee of the Kirkwood Meadows Public Utility District has called a Special
More informationCITY DEPARTM DIVISIO REPORT ON
CITY OF CLE EVELAND, OHIO DEPARTM MENT OF PUBLIC UTILITIES DIVISIO N OF WATER REPORT ON AUDIT OF FINANCIAL STATEMENTS For the year ended December 31, 2016 This page intentionally left blank. TABLE OF CONTENTS
More informationThunder Bay Hydro Electricity Distribution Inc. 1-1 GENERAL (Input) Enter general information related to the Application. EDR 2006 MODEL (ver. 2.
Thunder Bay Hydro Electricity Inc. 1-1 GENERAL (Input) Enter general information related to the Application Version: 2.1 Name of Applicant Thunder Bay Hydro Electricity Inc. License EB -0259 File (s) RP
More informationParker Water and Sanitation District Douglas County, Colorado. Financial Statements December 31, 2017 and 2016
Douglas County, Colorado Financial Statements December 31, 2017 and 2016 Contents Independent auditor s report 1 Management s discussion and analysis 3-11 Basic financial statements Statements of net position
More informationPort of Long Beach. Legislation Text
Port of Long Beach 4801 Airport Plaza Drive Long Beach, CA 90815 Legislation Text File #: HD-18-416, Version: 1 DATE: 8/27/2018 TO: Board of Harbor Commissioners FROM: Don Kwok, Acting Director of Finance
More informationFINANCIAL and STATISTICAL REPORT for FEBRUARY 2013
FINANCIAL and STATISTICAL REPORT for FEBRUARY 2013 PUBLIC UTILITY DISTRICT NO. 1 OF OKANOGAN COUNTY TELEPHONE: (509)422-3310 POST OFFICE BOX 912 FAX: (509)422-4020 OKANOGAN, WASHINGTON 98840 COMPARATIVE
More informationRamona Municipal Water District Financial Statements June 30, 2016
Ramona Municipal Water District Financial Statements INDEX TO FINANCIAL STATEMENTS Independent Auditor s Report... 2 Management s Discussion and Analysis... 5 Statement of Net Position... 12 Statement
More informationTable 1: PG&E Corporation Business Priorities Advance business transformation. 2. Provide attractive shareholder returns
Table 1: PG&E Corporation Business Priorities 2007-2011 1. Advance business transformation 2. Provide attractive shareholder returns 3. Increase investment in utility infrastructure 4. Implement an effective
More informationFINANCIAL and STATISTICAL REPORT for MARCH 2013
FINANCIAL and STATISTICAL REPORT for MARCH 213 PUBLIC UTILITY DISTRICT NO. 1 OF OKANOGAN COUNTY TELEPHONE: (59)422-331 POST OFFICE BOX 912 FAX: (59)422-42 OKANOGAN, WASHINGTON 9884 COMPARATIVE STATEMENT
More informationBalance Sheet - Consolidated August 31, 2018
1 ASSETS Current Assets - Funds Total Operating Total KVFD Reserve Total Restricted Total Capital Reserve Total Snow Removal Reserve Total COP Reserve Fund Total Current Assets - Funds Current Assets -
More information